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CDFA Energy Finance Update - February 2, 2021

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CDFA Energy Finance Newsletter
February 2, 2021
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Energy Finance Update

Features

Connecticut's Historic West Lane Inn Installs New Energy Efficient Heat System with C-PACE
The innkeepers of The West Lane Inn in Ridgefield and the Connecticut Green Bank are pleased to announce the completion of a Commercial Property Assessed Clean Energy (C-PACE) financed energy efficiency project at their inn, located at 22 West Lane. The project replaced an old oil-burning heat system with a new heat pump system designed to handle the heating and cooling needs of the 17-room historic property.

Solar and Energy Loan Fund Finances New Roof and Solar Panels for Gibson Plaza in Miami-Dade, FL
The residents of Gibson Plaza will soon be living in safer, more climate-resilient housing powered by solar energy. The Solar and Energy Loan Fund (SELF) leveraged support from the Leon Lowenstein Foundation and Miami-Dade local government to create a public-private-nonprofit partnership to fund the project.

Energy Department Announces $123.6M in Funding to Bolster Domestic Manufacturing
The U.S. Department of Energy's (DOE's) Office of Energy Efficiency and Renewable Energy (EERE) announced approximately $123.6 million in funding, as well as $44.7 million of cost-share, for 46 projects in 23 states to stimulate technology innovation, improve the energy productivity of American manufacturing, and enable the manufacturing of cutting-edge products in the United States.

Funding Challenges Limit Minority-Owned Businesses' Access to Energy Efficiency
Securing capital is a big challenge for many black-owned and other minority-owned businesses. Whether through outright discrimination or more subtle bias, many companies face a disadvantage in a financial world where personal relationships can make or break a deal. It's a particularly challenging problem when it comes to energy efficiency improvements, which can save money and - in many cases - more than pay for themselves.

$40B Available for Innovative Technologies through Energy Department's Loan Program Office
A variety of proposals have been floated about the best way for Congress to enact legislation to help in the fight against climate change, but certain actions can be taken immediately. One such action is to deploy $40 billion in loan capacity that was previously allocated to the Department of Energy as part of the 2009 stimulus package. This money is already available to the Department of Energy's Loan Program Office to spend at any time as a loan or a loan guarantee for qualified projects.

Two Wichita Falls, TX Senior Living Projects Interested in C-PACE
Investors behind two senior living projects in Wichita Falls are looking into an economic development tool that Wichita County leaders resolved to move forward with. The Wichita County Commissioners Court unanimously approved a resolution of intent to establish a Wichita County Property Assessed Clean Energy Program and authorize related actions in January.

Cheaper Solar Power Means Low-Income Families Can Also Benefit – With the Right Kind of Help
Until recently, rooftop solar panels were a clean energy technology that only wealthy Americans could afford. A recent study has found that three interventions – targeted incentives, leasing, and PACE – effectively increased adoption equity. These approaches are boosting sales to low-income customers in existing markets and helping solar companies move into new markets, such as low-income areas where solar sales have been weak or absent.

U.S. Senate Flip Puts $2T Infrastructure and Green Energy Stimulus Into Play
The reality of a Democrat-controlled US Senate following the Georgia run-off elections puts a massive wave of fiscal stimulus back on the table. This includes higher amounts of direct stimulus payments to individuals and President Joe Biden's $2 trillion infrastructure and green energy plan.

Upcoming Events
CDFA Federal Financing Webinar Series: Restoring Local Economies with Federal Partners

Intro Bond Finance WebCourse
February 24-25, 2021 - Daily: 12:00 - 5:00 PM Eastern
The Intro Bond Finance WebCourse provides an in-depth look at governmental and qualified private activity bonds, with a focus on industrial development bonds (IDBs), 501(c)(3) non-profit bonds, exempt facility bonds, and other special bond programs authorized by the federal government.

CDFA-Bricker PACE Webinar Series: How PACE Gets Utilized Across All Market Segments
Tuesday, March 30, 2021 - 2:00 PM - 4:00 PM Eastern
PACE can be used for new construction, existing building renovations, or refinancing. Each market segment has its own view of why PACE is valuable and this workshop will provide insights and details into each.

Energy Finance News

Vermont Balanced Their Budget Amid Pandemic
Saint Albans | Jan. 29 | Brownfield Financing | Energy Finance | COVID-19

California Budget Proposal Highlights Climate Resiliency as Major Priority
AgNet West | Jan. 29 | Energy Finance | Food Systems Finance | Revolving Loan Funds (RLFs) | Resiliency

Minnesota Lawmakers Begin Work on Renewable Energy Bill
Finance & Commerce | Jan. 29 | Energy Finance | Legislative

Biden's Executive Orders and DOE Nominee: What to Know
E&E News | Jan. 29 | Energy Finance | Federal | Resiliency

Investors See Green Returns from Renewable Energy
Finance & Commerce | Jan. 28 | Energy Finance | Federal

A Surge in Green Financing Boosts Climate Businesses
The Washington Post | Jan. 27 | Energy Finance | Resiliency

How Leaders Can Harness the Power of Finance and Technology for Social Good
World Economic Forum | Jan. 27 | Energy Finance | International

C-PACE Loan Options Pursued in Sussex County, DE
Delaware Business Times | Jan. 22 | Energy Finance | Housing Finance | Property Assessed Clean Energy (PACE)

Looking Ahead to the Biden Administration – What the Commercial Real Estate Community Needs to Know
JD Supra | Jan. 21 | Energy Finance | Federal | Legislative | Opportunity Zones | Property Assessed Clean Energy (PACE)

Indigenous-Led Solar Energy Project Wins Prize Funding for Community Clean Energy Project in Canada
Newswire Cana | Jan. 19 | Energy Finance | International | Social Finance | Tribal Finance

Report: Corporate Funding in Solar Sector Globally Soars 112% in 2020
Energy Infra Post | Jan. 18 | Energy Finance | International

Houston, TX Approves Brownfield Solar Project
Waste Today | Jan. 14 | Brownfield Financing | Energy Finance

Riverside Foods in Illinois to Install Solar Panels on Roof
Riverside Brookfield Landmark | Jan. 12 | Energy Finance | Food Systems Finance | Property Assessed Clean Energy (PACE) | Case Studies

PACE Loan Group Raises Additional $75M for C-PACE Assets
PR Newswire | Jan. 12 | Energy Finance | Property Assessed Clean Energy (PACE)

Southern Company Becomes the First Large Cap Utility in the U.S. to Publish a Sustainable Financing Framework
Southern Company | Jan. 11 | Energy Finance | Resiliency | Social Finance

Historic Sinclair Hotel in Fort Worth, TX Receives $25M in Relief Financing
PR Newswire | Jan. 5 | Access to Capital | Disaster Recovery & Relief | Energy Finance | Property Assessed Clean Energy (PACE) | COVID-19 | Case Studies


Highlights from the Online Resource Database

Retroactive PACE Financing: Eligible States
Energy Finance | Property Assessed Clean Energy (PACE)
This map includes states where projects are eligible for Retroactive PACE financing and includes a summary of state-by-state guidelines.

CDFA-Bricker PACE Webinar Series: Retroactive PACE
Development Finance Toolbox | Energy Finance | Property Assessed Clean Energy (PACE)
During this installment of the 2021 CDFA-Bricker PACE Webinar Series: Retroactive PACE, we explored the in-depth consideration for making Retroactive PACE a reality for an eligible property owner.


The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private, and non-profit entities alike. For more information visit CDFA.net or email info@cdfa.net


Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net

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